What Changed In The Crypto Markets While You Were Asleep – April 16
BeInCrypto presents our daily roundup of crypto news and market changes that you may have missed in your sleep.
Bitcoin has been declining since April 14, when it hit a record price of $ 64,895.
Currently, he has returned to the $ 61,500 area from which he previously broke. He is validating the level as support.
Despite the continued decline, technical indicators are still bullish.
If BTC bounces, the next area of resistance would likely be at $ 68,724.
The crypto market was a bit shaken up today. After being excluded from the top 10 yesterday, Dogecoin (DOGE) hit a new high of $ 0.30.
Not only did DOGE reclaim the top 10, but its 90% pump boosted its market cap to over $ 34 billion. This puts DOGE in eighth place, ahead of Uniswap (UNI) and Litecoin (LTC). It is by far the biggest altcoin mover of the day.
KuCoin Token (KCS) is today’s biggest loser. KCS has lost 12% in the past 24 hours and is currently trading at $ 14.54.
In other crypto news
In a sudden and surprising movement, Turkey banned the use of cryptocurrencies as payment instruments.
the Robin Hood The crypto and stock trading platform was briefly non-functional early this morning. Use was fully restored a few hours later. The outage occurred as Dogecoin hit a new high of $ 0.30.